Amazon, Intel, Exxon Mobil rise premarket; Ford, Chevron fall
Investing.com -- U.S. futures rose Friday, boosted by strong numbers from a couple of tech giants ahead of the release of key inflation data.
Here are some of the biggest premarket U.S. stock movers today:
Amazon (NASDAQ: AMZN) stock rose 6.1% after the e-commerce giant reported third-quarter results that topped expectations as growth in its cloud business continued to stabilize and advertising growth jumped.
Intel (NASDAQ: INTC) stock rose 7% after the chip manufacturer delivered better-than-expected guidance for the current quarter after third-quarter earnings markedly beat analyst estimates amid signs PC demand has bottomed out.
Ford (NYSE: F) stock fell 3.4% after the auto giant withdrew its full-year results forecast due to "uncertainty" over the pending ratification of its deal with the United Auto Workers union.
Exxon Mobil (NYSE: XOM) stock rose 0.3% after the oil major posted a $9.1 billion third-quarter profit, an about 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered.
JPMorgan (NYSE: JPM) stock fell 0.9% after the lender said CEO Jamie Dimon would sell a portion of his stock holdings in the bank in 2024 for financial diversification and tax planning.
Chevron (NYSE: CVX) stock fell 2% after the oil giant reported a fall in third-quarter profit despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess (NYSE: HES) for $53 billion.
Natwest (NYSE: NWG) stock fell 10% after the Financial Conduct Authority said it had identified potential "regulatory breaches" in the U.K.-based lender’s handling of a decision to close former Brexit party leader Nigel Farage's accounts.
Sanofi (NASDAQ: SNY) ADRs fell 18% after the French drugmaker dropped its 2025 profit target under a plan to list its consumer healthcare business, while lifting its development spending plans.
Enphase Energy (NASDAQ: ENPH) stock slumped 19% after the solar inverter maker missed quarterly revenue forecasts and offered full-year guidance well below expectations.